Property Rights - Peru

What is titling in the context of property rights?

• A system for mapping, registering, and titling property

• A type of property ownership that is not legally recognized

• A legal document that grants temporary use of land

• A process of land development and construction

What are the advantages of formal property?

• Increased security of tenure

• Increased access to capital, equity, and other markets

• Protection of transactions and increased trading

• All of the above

What was a significant outcome of Peru's "Programa Especial de Titulación de Tierras" (PETT) regarding labor supply in urban regions?

• Decreased labor supply due to increased wealth

• No significant change in labor supply

• Increased labor supply by 21% in urban households

• Increased labor supply only in rural areas

What was a significant outcome for houses whose owners received official titles in the Buenos Aires experiment?

• Increased access to credit.

• Larger household sizes.

• Increased housing investment.

• Decreased investment in child schooling.

In the Micronesia experiment, which islands showed significantly higher GDP per capita due to completed titling processes?

• Marshall Islands and Federated States of Micronesia.

• Palau and Marshall Islands.

• Northern Mariana Islands and Palau.

• All islands showed similar GDP per capita.